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What assumptions are necessary for a market to be perfectly competitive? Explain why each of these assumptions is important.
Indian Children
Refers to the young population of Native American heritage or those originating from India residing in various regions.
Buffalo Herds
Groups of buffalo that roam together, often found in North America and played a significant role in the ecosystem and Native American cultures.
Homestead Act
A United States federal law passed in 1862 that granted 160 acres of public land to any individual who would farm it for at least five years.
Railroads
A transportation system consisting of a track of rails on which trains travel, used for moving passengers and goods over long distances efficiently.
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